Metallus Inc (MTUS)

Current ratio

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	647,700	656,800	630,500	626,700	614,700	556,600	582,500	669,600	615,200	582,300	529,400	456,300	430,400	357,600	343,800	355,100	412,100	401,700	418,000	482,300
Total current liabilities	US$ in thousands	239,100	248,400	207,000	219,800	231,000	186,700	191,900	260,000	246,200	250,800	242,500	235,700	227,100	181,000	202,900	169,900	143,400	112,300	122,500	155,000
Current ratio		2.71	2.64	3.05	2.85	2.66	2.98	3.04	2.58	2.50	2.32	2.18	1.94	1.90	1.98	1.69	2.09	2.87	3.58	3.41	3.11

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $647,700K ÷ $239,100K
= 2.71

The current ratio of Metallus Inc has exhibited fluctuations over the past few years. As of March 31, 2024, the current ratio stands at 2.71, indicating that the company has $2.71 in current assets for every $1 in current liabilities.

Analyzing historical trends, the current ratio has generally shown an upward trajectory since the end of 2021, with occasional fluctuations. The ratio peaked at 3.58 at the end of 2019, reflecting strong liquidity, but experienced a decline in subsequent periods.

The current ratio provides insight into the company's short-term liquidity and ability to meet its current obligations. A ratio above 1 indicates that Metallus Inc has more than enough current assets to cover its current liabilities.

Overall, the current ratio of Metallus Inc has generally been healthy and stable in recent periods, indicating a sound liquidity position that can support day-to-day operations and meet short-term financial obligations. However, it is essential to monitor future trends to ensure sustained financial stability.